Mission/Vision/Value of ARCS Project and Background and Objective of DataBank service.

To give you a better understanding of the ARCS project, this article describes the mission, vision, and values of the ARCS project as well as the background and objective of the DataBank service.

Mission/Vision/Value of ARCS Project

Mission

• Fair and transparent, and contributes to the people’s happiness in the society.

Vision

• Users manage their own data, and also Companies make effective use of user-approved data by developing DataBank service that allow users to enjoy the service and receive incentives.
• To spread the DataBank service all over the world and to penetrate WIN-WIN advanced services around the world for both users and companies

Value

• No matter what the difficulties, we will not forget about beliefs, resilience, do not give up and then get over it.
• Guarantee to be as clear as possible about project information.
• We are always grateful to the people who support the project, and we will return the favor by connecting everyone’s power to the realization of Data Bank.

Background and Objective of Databank Service

Background

DataBank service is a service that matches users and companies by receiving data from users, disclosing the data of users to companies that want to approach users, and delivering data of their services from companies to users. DataBank provides incentives to the users who disclose their data to the companies in exchange for a portion of the compensation received from the companies. By using DataBank, companies are able to generate sales more efficiently than with conventional marketing.

DataBank’s business model has attracted worldwide attention, and major players in various industries such as financial institutions, advertising, and telecommunication industries have announced their participation. On the other hand, since there are social issues such as data leakage and unauthorized use of personal data, the key to success is to create a platform where users can provide their data with confidence.

Objective

ARCS is a project that solves these social issues and to realize a decentralized DataBank that users use with peace of mind. For this objective, the following conditions are necessary:

• Data is owned by users, and users’ consent is required to provide data.
• The data must be tamper-proof, transparent, and accurate for the companies that use the data.
• High security to prevent data leakage and unauthorized use.

In order to meet these requirements, data will be managed using blockchain. In addition, the blockchain will be used to select and authorize the companies that will use the data and to manage the usage of the data to prevent unauthorized use. We will develop the world’s first DataBank service that is beneficial to both users and companies, while solving social issues through the use of blockchain.

***

In the next article, we deep dive into how we realize DataBank by using blockchain and how the ARX will be used. So please follow us on Twitter and Telegram to keep up with our latest announcements.

Telegram ARCS Announcement: https://t.me/ARCS_ARX_News
Telegram ARCS English Official: https://t.me/ARCS_ARX_EN
Twitter: https://twitter.com/ARCS_ARX